A company issued $100,000, 5-year bonds, receiving $97,000. What is the balance sheet presentation immediately after the
Question:
A company issued $100,000, 5-year bonds, receiving $97,000. What is the balance sheet presentation immediately after the sale?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (8 reviews)
Par value of bonds 100000 Issue price 97000 D...View the full answer
Answered By
Marvine Ekina
Marvine Ekina
Dedicated and experienced Academic Tutor with a proven track record for helping students to improve their academic performance. Adept at evaluating students and creating learning plans based on their strengths and weaknesses. Bringing forth a devotion to education and helping others to achieve their academic and life goals.
PERSONAL INFORMATION
Address: , ,
Nationality:
Driving License:
Hobbies: reading
SKILLS
????? Problem Solving Skills
????? Predictive Modeling
????? Customer Service Skills
????? Creative Problem Solving Skills
????? Strong Analytical Skills
????? Project Management Skills
????? Multitasking Skills
????? Leadership Skills
????? Curriculum Development
????? Excellent Communication Skills
????? SAT Prep
????? Knowledge of Educational Philosophies
????? Informal and Formal Assessments
0.00
0 Reviews
10+ Question Solved
Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
Question Posted:
Students also viewed these Business questions
-
The following is the balance sheet of Ingram Industries: Required Indicate your criticisms of the balance sheet and briefly explain the proper treatment of any itemcriticized. INGRAM INDUSTRIES...
-
The following is the balance sheet and income statement for YUM, Inc. (the company that operates Kentucky Fried Chicken and Pizza Hut), in condensed form, plus some information from the cash flow...
-
The following is the balance sheet (statement of financial position) for Nordstrom, Inc. (USA). Instructions a. Identify at least three differences in statement of financial position reporting...
-
The following items were shown on the balance sheet of Martin Corporation on December 31, 2021: Stockholders' Equity Paid-In Capital Capital Stock Common stock, $5 par value, 750,000 shares...
-
P Corporation owns all the stock of S Corporation, and P and S file a consolidated tax return. On January 1 of Year 2, P creates T Corporation and acquires all of its stock. P, S, and T report the...
-
Presented below are selected transactions at Ridge Company for 2020. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2010. The machine cost $62,000 on that date. It had a useful...
-
Your audit client. Household Appliances, Inc., operates a retail store in the center of town. Lacking sufficient storage space. Household keeps undisplayed inventory in a public warehouse outside of...
-
Jenny Smith owns Classic Photography Inc., a company that restores photos for its clients and creates electronic images from the restored photos. The company also frames restored photos and creates...
-
Write code In C++ Please Grocery Shopping List (list) Given a ListItem class, complete main() using the built-in list type to create a linked list called shoppingList. The program should read items...
-
Extend the function to num_permutation (n, k=None) which takes in an additional optional keyword argument k, and returns the INTEGER number of k -permutations of n items. The number is given by the...
-
Does interest expense increase or decrease when a bond premium is amortized?
-
Whirlie Inc. issued $300,000 face value, 10% paid annually, 10-year bonds for $319,251 when the market of interest was 9%. The company uses the effective-interest method of amortization. At the end...
-
What would be the effects of each of the following on the demand for hamburger in Hilo, Hawaii? In each case, identify the responsible determinant of demand. a. The price of chicken falls. b. The...
-
2. What is the current in the 2.0 resistor in the circuit shown in the figure? [3] 10 V 222 6 6 V 492
-
Please calculate the following financial figures for year 2019 based on the financial statement attached for this company. ( With workings ) % Return on capital employed Asset turnover (times) Net...
-
A playground merry-go-round has radius 3.00 m and moment of inertia 2600 kg - m about a vertical axle through its center, and it turns with negligible friction. Part A A child applies an 21.5 N force...
-
(a) Two point charges totaling 8.50 C exert a repulsive force of 0.250 N on one another when separated by 0.672 m. What is the charge (in C) on each? smallest charge Xx HC C largest charge (b) What...
-
You are the manager of a forest products company with land recently planted (t = 0) with a fast-growing species of pine. The merchantable volume of timber at instant t 0 is given by Q(t) = at + t - y...
-
Characterize the range and kernel of the following matrices: (a) (b) (c) (d) 8 4 -6 3 12 3-5 2 124 0113 1022
-
What is your opinion of advertising awards, such as the Cannes Lions, that are based solely on creativity? If you were a marketer looking for an agency, would you take these creative awards into...
-
Mycroft Corp. has a $2,000 par value bond outstanding with a coupon rate of 4.9 percent paid semiannually and 13 years to maturity. The yield to maturity of the bond is 3.8 percent. What is the...
-
Locate the Treasury bond in Figure 5.4 that matures in August 2028. What is its coupon rate? What is its bid price? What was the previous days asked price? Assume a par value of $1,000. In figure 5.4...
-
Locate the Treasury bond in Figure 5.4 that matures in August 2039. Is this a premium or a discount bond? What is its current yield? What is its yield to maturity? What is the bid-ask spread in...
-
An investor put 60 percent of his money into a risky asset offering a 10 percent return with a standard deviation of return of 8 percent, and he put the balance of his risk-free asset offering 5...
-
Ida Company produces a handcrafted musical Instrument called a gamelan that Is similar to a xylophone. The gamelans are sold for $949. Selected data for the company's operations last year follow:...
-
There is a bonus with the following characteristics: nominal value $98.650.000 annual coupon rate 4.5% term 5 years, tir 6.5% A) Calculate the price of the bond assuming it is zero coupon B)...
Study smarter with the SolutionInn App